Kazakhstan considering partnership with Iran on oil exports due to western sanctions on Russia

34761519322fd229188d105c8daff6c8Kazakhstan is considering new options for its oil exports, including partnering with Iran, as its concerns over western sanctions on Russia grow, Kazakh media report citing Minister of Oil and Gas of Kazakshtan Uzakbai Karabalin.

Mr Karabalin told Kazakh lawmakers Monday that Western sanctions against Russia may lead to a decrease in the oil volume transported to foreign markets through Russian pipelines.

Karabalin said state-owned KazMunayGas will have to focus on the Azerbaijan-Georgia-Turkey route west of the Caspian Sea from Kazakhstan.

He also said Iran may be considered as a potential partner.

http://www.akipress.com/

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